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schizoidman@lemm.ee to Uplifting News@lemmy.worldEnglish · 5 months ago

China’s EV Boom Threatens to Push Gasoline Demand Off a Cliff

finance.yahoo.com

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  • climate@slrpnk.net
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China’s EV Boom Threatens to Push Gasoline Demand Off a Cliff

finance.yahoo.com

schizoidman@lemm.ee to Uplifting News@lemmy.worldEnglish · 5 months ago
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  • climate@slrpnk.net
(Bloomberg) -- From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to lonely highway rest stops with charging posts in the western deserts, signs of the electrification of China’s transport fleet — and the demise of gasoline — are everywhere.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasNow, according to official s

cross-posted from: https://slrpnk.net/post/15648896

  • partial_accumen@lemmy.world
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    5 months ago

    It’s going up. Unequivocally up.

    Its going up, but the rate of change is going down. So yes, demand is still high, and the total amount of demand is increasing, it is increasing by a smaller amount each year. Here’s that demand growth/decline data for the oil sector.

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